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BI has established several research centres. Some of them publish their reports/working papers (pdf) in publication series.

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  • The Shale Oil Boom and the U.S. Economy: Spillovers and Time-Varying Effects 

    Bjørnland, Hilde C.; Zhulanova, Julia (CAMP Working Paper Series Paper No. 8/2018;, Working paper, 2018-10-16)
    We analyze if the transmission of oil price shocks on the U.S. economy has changed as a result of the shale oil boom. To do so we allow for spillovers at the state level, as well as aggregate country level effects. We ...
  • The Governance and Finance of Norwegian Family Firms: Main Characteristics of the Population 

    Berzins, Janis; Bøhren, Øyvind; Stacescu, Bogdan (CCGR Research Report;01/2018, Working paper, 2018-06)
  • Norges Bank Watch 2018: An independent Evaluation of Monetary Policy in Norway 

    Fjære, Jeanette S.; Sveen, Tommy (Norges Bank Watch;2018, Research report, 2018)
    Each year the Centre for Monetary Economics (CME) at The Department of Economics, BI Norwegian Business School, appoints an independent group of experts to evaluate monetary policy in Norway. This year the committee consists ...
  • Når gjelden blir for stor 

    Isachsen, Arne Jon (CME Working papers;3/2015, Working paper, 2015-06)
    Dette arbeidsnotatet setter sammen brevene fra årets seks første måneder: Hvem skal eie bankene? Når gjelden blir for stor. Sover OECD i timen? Velferd på kinesisk. Konkurrerende lettelser. Familien i sentrum. ...
  • The Impact of U.S. Supply Shocks on the Global Oil Price 

    Gundersen, Thomas S. (CAMP Working Paper Series;7, Working paper, 2018-04)
    I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate oil supply shocks for the U.S. and OPEC, I find that U.S. supply ...
  • Business cycle narratives 

    Larsen, Vegard H.; Thorsrud, Leif Anders (CAMP Working Paper Series;6, Working paper, 2018-04)
    This article quantifies the epidemiology of media narratives relevant to business cycles in the US, Japan, and Europe (euro area). We do so by first constructing daily business cycle indexes computed on the basis of the ...
  • Forecasting Cryptocurrencies Financial Time Series 

    Catania, Leopoldo; Grassi, Stefano; Ravazzolo, Francesco (CAMP Working Paper Series;5, Working paper, 2018-03)
    This paper studies the predictability of cryptocurrencies time series. We compare several alternative univariate and multivariate models in point and density forecasting of four of the most capitalized series: Bitcoin, ...
  • Why Do Boards Exist? Governance in the Absence of Corporate Law 

    Burkart, Mike; Miglietta, Salvatore; Østergaard, Charlotte (CCGR Working Paper;1/2017, Working paper, 2017)
    We study how owners trade off the costs and benefits of establishing a board in a historical setting, where boards are optional and authority over corporate decisions can be freely allocated across the general meeting, the ...
  • Recommendations for the Sharing Economy: (Re-)Balancing Power 

    Newlands, Gemma Elisabeth Marjorie; Lutz, Christoph; Fieseler, Christian (Research report, 2018)
    This report, ‘Recommendations for the Sharing Economy: (Re-)Balancing Power’, forms one element of a European Union Horizon 2020 Research Project on the sharing economy: Ps2Share ‘Participation, Privacy, and Power in the ...
  • Dutch Disease Dynamics Reconsidered 

    Bjørnland, Hilde C.; Thorsrud, Leif Anders; Torvik, Ragnar (CAMP Working Paper Series;4, Working paper, 2018-02)
    In this paper we develop the first model to incorporate the dynamic productivity consequences of both the spending effect and the resource movement effect of oil abundance. We show that doing so dramatically alters the ...
  • Predicting the Volatility of Cryptocurrency Time–Series 

    Catania, Leopoldo; Grassi, Stefano; Ravazzolo, Francesco (CAMP Working Paper Series;3, Working paper, 2018-02)
    Cryptocurrencies have recently gained a lot of interest from investors, central banks and governments worldwide. The lack of any form of political regu- lation and their market far from being “efficient”, require new forms ...
  • Markov Switching Panel with Network Interaction Effects 

    Agudze, Komla Mawulom; Billio, Monica; Casarin, Roberto; Ravazzolo, Francesco (CAMP Working Paper Series;1, Working paper, 2018-01)
    The paper introduces a new dynamic panel model for large data sets of time series, each of them characterized by a series-specific Markov switching process. By introducing a neighbourhood system based on a network ...
  • Comparing the Forecasting Performances of Linear Models for Electricity Prices with High RES Penetration 

    Gianfreda, Angelica; Ravazzolo, Francesco; Rossini, Luca (CAMP Working Paper Series;2, Working paper, 2018-01)
    This paper compares alternative univariate versus multivariate models, probabilistic versus Bayesian autoregressive and vector autoregressive specifications for hourly day-ahead electricity prices, with and without ...
  • Modelling Occasionally Binding Constraints Using Regime-Switching 

    Binning, Andrew; Maih, Junior (CAMP Working Paper Series;9, Working paper, 2017-12)
    Occasionally binding constraints are part of the economic landscape: for instance recent experience with the global financial crisis has highlighted the gravity of the lower bound constraint on interest rates; mortgagors ...
  • Residential investment and recession predictability 

    Aastveit, Knut Are; Anundsen, Andr K.; Herstad, Eyo I. (CAMP Working Paper Series;8, Working paper, 2017-12)
    We assess the importance of residential investment in predicting economic recessions for an unbalanced panel of 12 OECD countries over the period 1960Q1–2014Q4. Our approach is to estimate various probit models with di↵erent ...
  • Asymmetric effects of monetary policy in regional housing markets 

    Aastveit, Knut Are; Anundsen, André K. (CAMP Working Paper Series;7, Working paper, 2017-12)
    The responsiveness of house prices to monetary policy shocks depends both on the nature of the shock – expansionary versus contractionary – and on city-specific housing supply elasticities. We test and find supporting ...
  • Residential investment and recession predictability 

    Aastveit, Knut Are; Anundsen, Andre K.; Herstad, Eyo I. (CAMP Working Paper Series;8, Working paper, 2017-12)
    We assess the importance of residential investment in predicting economic recessions for an unbalanced panel of 12 OECD countries over the period 1960Q1–2014Q4. Our approach is to estimate various probit models with di↵erent ...
  • Bayes-Nash Equilibria in Generalized Second Price Auctions with Allocative Externalities 

    Lu, Zongwei; Riis, Christian (CREAM Publications;1/2016, Working paper, 2016)
    In this paper, we investigate an incomplete information model of generalized second price auctions with allocative externalities originating from the heterogeneous match rates of bidders. A novel feature of our model is ...
  • Oil and macroeconomic (in)stability 

    Bjørnland, Hilde C.; Larsen, Vegard H.; Maih, Junior (CAMP Working Paper Series;No. 6/2017, Working paper, 2017-11)
    We analyze the role of oil price volatility in reducing U.S. macroeconomic insta- bility. Using a Markov Switching Rational Expectation New-Keynesian model we revisit the timing of the Great Moderation and the sources of ...
  • European Perspectives on Privacy in the Sharing Economy 

    Ranzini, Giulia; Etter, Michael; Vermeulen, Ivar (Research report, 2017)
    This report ‘European Perspectives on Privacy in the Sharing Economy’ forms one element of a European Union Horizon 2020 Research Project on the sharing economy: Ps2Share ‘Participation, Privacy, and Power in the Sharing ...

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